Howard Stern Will Stay on Satellite Radio for Another Five Years

Howard Stern announced on his radio show this morning that he has re-upped his contract with Sirius/XM for another five years. Stern's current $500 million contract was set to expire next month, which had led to some ill-founded rumors that he might be jumping ship to Apple. Instead, Stern will stay put, having "come to the conclusion that the real innovators, the real geniuses are the people here at Sirius." He did say that this new five-year contract will be his last — "I can say with almost certainty that this is my final five years on radio" — but hundreds of millions of dollars have been known to change minds in the past. [HR]

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